Stardate 20010811.0728 (On Screen): RAMBUS corporation's situation just took yet another step downward. Having staked its future heavily on a portfolio of patents it claimed covered SDRAM (used in most computers sold today) it lost a major lawsuit about those patents against Infineon
and still faces a huge number of other lawsuits around the world. Expenses are rising, and income is falling -- and
its stock has tanked. Now a class-action shareholder lawsuit has been filed based on the fact that Rambus was found to have committed fraud in getting the patents it claimed covered SDRAM, patents that its corporate officers have been pumping in their reports to stockholders. (heh-heh-heh...)
(discuss)Update: They've also been ordered to pay Infineon's $7.1 million in legal fees for a "baseless, unjustified and frivolous" lawsuit. (In their most recent quarter for which they've filed a report, they had a net income of $8 million.)
